India VIX closed with 1.56% cut at 12.76 level - Monarch Networth Capital
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TECHNICAL OUTLOOK
* Benchmark index traded volatile yesterday before closing with 0.13% gain at 21647 level. Banking index performed in line with the benchmark index as it closed with 0.16% gain at 47438 level.
* India VIX closed with 1.56% cut at 12.76 level.
* Among Sectors NIFTYENERGY index performed better than the benchmark index as it closed with 1.30% gain while NIFTYMEDIA index underperformed as it closed with 0.35% cut.
* Broader market outperformed the benchmark index as both MIDCAP index and SMALLCAP index closed with 0.66% and 0.79% gains respectively.
* Advance/Decline ratio was in favour of advances and cash turnover was higher than 5-day average. FII were net sellers while DII were net buyers in the cash segment.
* European markets (DAX) closed lower while US markets (DJIA) closed flat yesterday. Asian Markets are trading mixed today.
Intraday Market Outlook
* Benchmark index is likely to trade with positive bias today. Index has support at 21550 - 21500 level and resistance at 21750 – 21800 level.
* Banking index is likely to trade in line with benchmark index today with support at 47100 - 46900 level and resistance at 47800 - 48000 level.
* PERSISTANT has closed with bullish candlestick and it is likely to trade with positive bias today.
NIFTY (Daily) Chart
BANK NIFTY (Daily) Chart
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